AceTraderFx: Daily Market Outllook on Major -EUR/USD

[acetraderfx]

AceTraderFx Mar 23: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 23 Mar 2022 03:00GMT

EUR/USD - 1.1028
Although euro's decline from last week's high at 1.1137 (Thur) to as low as 1.0961 at European open yesterday signals corrective upmove from Mar's fresh 22-month bottom at 1.0807 has possibly made a temporary top there, subsequent rebound to 1.1045 in New York due to broad-based retreat in usd on risk sentiment suggests retracement to 1.1069/71 may be seen before prospect of another fall.

On the upside, only a daily close above 1.1094 would risk stronger gain towards 1.1118.

Data to be released on Wednesday:
Japan coincident index, leading indicator.
U.K. PPI output prices, input prices, RPI, CPI, DCLG house price index.
U.S. MBA mortgage application, building permits, new home sales and EU consumer confidence.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Mar 24: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 24 Mar 2022 03:00GMT

EUR/USD - 1.0990
Yesterday's weakness to 1.0965 (New York) suggests correction from this week's low at 1.0961 Tuesday) has ended at 1.1045 and despite subsequent short-covering rebound to 1.1013 in Asia today, present retreat has retained bearishness, below 1.0961 would extend decline from 1.1137 to retrace March's 22-month bottom at 1.0807 to 1.0933 (61.8% r) later today.

Only a daily close above 1.1045 'prolongs' choppy sideways swings and may risk stronger gain to 1.1069/71.

Data to be released on Thursday:
Australia services PPI, manufacturing PMI, Japan Jibun bank manufacturing PMI, services PMI.
France business climate, Markit services PMI, Markit manufacturing PMI, Germany Markit services PMI, Markit manufacturing PMI, Swiss SNB interest rate decision, EU Markit services PMI, Markit manufacturing PMI, U.K. Markit services PMI, Markit manufacturing PMI.
U.S. continuing jobless claims, initial jobless claims, PCE prices, GDP, durables ex-defense, durables ex-transport, durable goods, current account, Markit services PMI, Markit manufacturing PMI and KC Fed manufacturing.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Mar 25: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 25 Mar 2022 03:00GMT

EUR/USD - 1.1010
Although euro's decline from last week's high at 1.1137 to as low as 1.0961 (Tuesday) suggests early correction from March's 22-month bottom at 1.0807 has possibly ended, subsequent rebound to 1.1045 the same day and then daily choppy swings on Wednesday and Thursday would bring further consolidation before prospect of another fall towards 1.0927.

On the upside, only a daily close above 1.1045 dampens bearish outlook on euro and may risk stronger gain to 1.1069/71.

Data to be released on Friday :
Japan Tokyo CPI.
U.K. Gfk consumer confidence, retail sales, Italy trade balance, business confidence, consumer confidence, Germany Ifo expectations, Ifo current conditions, Ifo business climate.
U.S. pending home sales, University of Michigan sentiment and Canada budget balance.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Mar 28: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 28 Mar 2022 03:00GMT

EUR/USD - 1.0973
Despite euro's daily wild swings following early decline from 1.11737 to 1.0961 (Tuesday), intra-day weakness suggests downside bias remains, a daily close below 1.0961 would signal correction from March's 22-month bottom at 1.0807 has ended, then bearish outlook is retained for further fall towards pivotal sup at 1.0902.

Only above 1.1045 'prolongs' volatile trading and may risk another rise to 1.1069/71 but 1.1100/10 should cap upside.

Data to be released today:
U.S. wholesale inventories, goods trade balance and Dallas Fed manufacturing business index on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Mar 29: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 29 Mar 2022 03:00GMT

EUR/USD - 1.0984
Although Monday's initial break of last week's low at 1.0961 to 1.0945 in Europe suggests euro's correction from March's 22-month bottom at 1.0807 has ended, subsequent short-covering rebound to 1.0999 would yield choppy swings before prospect of another fall, loss of momentum should keep price above pivotal sup at 1.0902.

Only a daily close above 1.1000 may shift risk to the upside for risk stronger retracement to 1.1035/45.

Data to be released today:
Japan unemployment rate, Australia retail sales.
Germany import prices, Gfk consumer sentiment.
Canada average weekly earnings, U.S. redbook, monthly home price, JOLTS jobs openings and consumer confidence on Tuesday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Mar 30: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 30 Mar 2022 03:00GMT

EUR/USD - 1.1097
Although euro's decline from 1.1137 to 1.0945 Mon suggests recovery from Mar's fresh 22-month bottom at 1.0807 has ended, yesterday's rally from 1.0976 in Europe to as high as 1.1136 in New York following positive outcome of latest Ukraine-Russia peace talk signals choppy trading above said support would continue with upside bias and above 1.1137 may head towards 1.1167 later.

On the downside, only a daily close below 1.1045 indicates a temporary top is made and risks stronger retracement towards 1.0999, break, 1.0970/75.

Data to be released on Wednesday:
New Zealand building permits, NBNZ own activity, NBNZ business outlook.
U.K. BRC shop price index, Japan retail sales, Swiss KOF indicator, investor sentiment, Italy industrial sales, producer prices, EU consumer confidence, services sentiment, industrial sentiment, economic sentiment, business climate.
U.S. MBA Mortgage application, PCE prices, GDP, Germany HICP and CPI.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Mar 31: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 31 Mar 2022 03:00GMT

EUR/USD - 1.1167
Euro's rally above previous resistance at 1.1137 to a 4-week high at 1.1170 in New York yesterday on broad-based retreat in usd suggests corrective upmove from March's fresh 22-month 1.0807 bottom remains in force and further gain to 1.1200/05 may be seen before prospect of decline later due to loss of upward momentum.

On the downside, a daily close below 1.1100 signals a temporary top is made and risks stronger retracement to 1.1071/72, break, 1.1045.

Data to be released on Thursday:
Japan industrial output, housing starts, construction orders, Australia building permits, China NBS non-manufacturing PMI, NBS manufacturing PMI.
U.K. nationwide house price, Swiss retail sales, France producer prices, CPI, consumer spending, Germany retail sales, unemployment rate, unemployment change, Italy CPI, unemployment rate, EU unemployment rate.
U.S. continuing jobless claims, initial jobless claims, PCE price index, personal spending, personal income, Chicago PMI and Canada GDP.


AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Apr 01: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 01 Apr 2022 03:00GMT

EUR/USD - 1.1069
Euro's selloff from yesterday's 4-week peak at 1.1184 (Asia) to as low as 1.1061 in New York on cross-selling in euro suggests corrective upmove from March's fresh 22-month bottom at 1.0807 has possibly ended there and would head back to 1.1045 after consolidation, reckon 1.0996 would hold initially.

On the upside, only a daily close above 1.1133/36 may risk stronger retracement to 1.1160/70 before down.

Data to be released on Friday:
Australia AIG manufacturing index, manufacturing PMI, Japan Tankan small non-manufacturing PMI, Tankan small manufacturing index, Tankan big non-manufacturing PMI, Tankan big manufacturing index, China Caixin manufacturing PMI.
Swiss CPI, manufacturing PMI, France budget balance, Markit manufacturing PMI, Italy Markit manufacturing PMI, Germany Markit manufacturing PMI, EU Markit manufacturing PMI, HICP, U.K. Markit manufacturing PMI.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, Markit manufacturing PMI, ISM manufacturing PMI, construction spending and Canada Markit manufacturing PMI.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Apr 04: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 04 Apr 2022 03:00GMT

EUR/USD - 1.1051
Euro' selloff from last Thursday's 4-week high at 1.3184 to as low as 1.1029 in post-NFP New York Friday suggests recent erratic upmove from March's 22-month bottom at 1.0807 has possibly made a temporary top there and consolidation with downside bias remains for weakness towards 1.0996 but 1.0970/75 should remain intact.

On the upside, only a daily close above 1.1076 would risk stronger gain to 1.1100/10 before another fall later.

Data to be released next week :
China Market Holiday.
Germany current account, trade balance, imports, exports.
EU Sentix index, Canada building permits.
U.S. durables ex-transport, factory orders, durable goods and durables ex-defense on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Apr 06: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 06 Apr 2022 03:00GMT

EUR/USD - 1.0901
Euro's selloff below 1.0945 (now resistance) to a near 4-week bottom at 1.0901 in New York yesterday on rally in usd in tandem with U.S. yields on Fed Brainard's hawkish comments suggests correction from March's 22-month trough at 1.0807 has ended earlier at 1.1184 last Thursday and weakness to 1.0845/50 is envisaged but 1.0807 should contain downside today.

On the upside, only a daily close above 1.0961 would risk stronger retracement towards 1.0988, break, 1.1029 later.

Data to be released on Wednesday:
China Caixin services PMI.
Germany industrial orders, U.K. Markit construction PMI, EU producer prices.
U.S. MBA mortgage application and Canada Ivey PMI.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update